CME Group Says to Launch Options on Bitcoin Futures Contracts

Date : 09/20/2019 @ 2:35PM
Source : Dow Jones News
Stock : CME Group Inc (CME)
Quote : 213.17  0.16 (0.08%) @ 4:59AM
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Last Trade
Last $ 213.17 ◊ 0.00 (0.00%)

CME Group Says to Launch Options on Bitcoin Futures Contracts

CME (NASDAQ:CME)
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By Michael Dabaie

 

CME Group Inc. (CME) said it would launch options on its bitcoin futures contracts in the first quarter of 2020, pending regulatory review.

"Based on increasing client demand and robust growth in our Bitcoin futures markets, we believe the launch of options will provide our clients with additional flexibility to trade and hedge their bitcoin price risk," said Tim McCourt, CME Group global head of equity index and alternative investment products.

Year to date, nearly 7,000 CME bitcoin futures contracts--equivalent to about 35,000 bitcoin--have traded on average each day, CME said.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

September 20, 2019 09:20 ET (13:20 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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